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Survey: Profit and Expense Controls
Profit and Expense Controls – Section 4 of 6
Question 10: Job Costing
Job costing and tracking reports used weekly with clear assignment of responsibility for desired results.
Job costing and tracking reports produced and used regularly.
No regularly produced Job Costing or tracking reports.
Question 11: Profit
Profit engineered, focused upon and the central theme of the company’s reporting and actions.
Profit goals established and utilized.
Profit treated as a residual–that which is left over after operating expenses.
Question 12: Pricing
Pricing utilizes break even and revenue management models.
Pricing based upon historical analysis and projections.
Pricing by old-fashioned “mark-up” methods then guess.
Question 13: Inventory
Inventory levels established, monitored and maintained. Obsolescence, damage and theft monitored and controlled.
Inventory controls include established re-order points and regular physical inventory.
Lack of control or plan for inventory.
Question 14: Accounting
Accounting and all reports provided in timely, accurate and usable format.
Accounting and reports provided regularly.
Accounting not used as a management tool.
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